Q : How trade payable to be bifurcated in the Balance Sheet ? ITO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II. SECTION 3, SUBSECTION (i)l GOVERNMENT OF INDIA l Mlinistry of Corporate Affairs Notification New Delhi, the 4th september, 2015 GSR .- (E) In exercise of the powers conferred by sub-section (1) of section… Read More »
corporate guarantee by group pvt company to group public company Q: In context of Section 185 & 186 of Companies Act 2013, if any group private limited company gives/provides corporate guarantee and equitable mortgage of its property in favour of its group public limited company, is it possible to give the same. What if both the… Read More »
COMPANIES INDIAN ACCOUNTING STANDARDS RULES 2015 COMPANIES (INDIAN ACCOUNTING STANDARDS) RULES, 2015 NOTIFICATION [F.NO.01/01/2009/CL-V(PART)], DATED 16-2-2015 In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the… Read More »
COMPANIES (INDIAN ACCOUNTING STANDARDS) RULES, 2015 NOTIFICATION [F.NO.01/01/2009/CL-V(PART)], DATED 16-2-2015 They shall come into force on the 1st day of April, 2015 Indian Accounting Standard (Ind AS 2) Inventories (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles.)… Read More »
Audit Checklist [table id=17 /]
Q: whether Private Companies can pay Managerial Remuneration without any ceiling as Section 197 of the Companies Act 2013 is silent regarding the same. Answer: Yes, any amount can be paid to the MD/WTD without central government approval pursuant to the exemption notification and/or subject to compliance with the conditions prescribed therein pursuant to the… Read More »
Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities (Issued May 15, 2015) (The Council of the Institute of Chartered Accountants of India (ICAI) has issued this Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities which comes into effect from the date of its issuance. Pending finalisation of the Guidance… Read More »
Q: Whether there can be prosecution if the resolution for buy back has been passed but no public announcement has been made ? In absence of offer or public announcement of buy back of equity shares by petitioners, petitioners could not be prosecuted for offence punishable under section 77A(11) HIGH COURT OF BOMBAY Dattaraj V. Salgaocar v. State… Read More »
LIST OF BOARD RESOLUTION REQUIRED TO BE FILED WITH ROC IN MGT 14 A. To issue securities, including debentures, whether in or outside India. (In case of shares issue of security means issue of Letter of Offer). B. To Borrow Monies. (Borrow Money from any sources including Director) C.… Read More »
Steps To Register A New Company Do You Want to start an Indian Company? Apply for the name of the company to be registered by filing Form INC-1 for the same. After that depending upon the proposed company type file required incorporation forms listed below. Form INC-7 or Form INC-2 : Form INC-7 for Application… Read More »